Monolithic Power Systems said revenue for the quarter ended March 31, 2025 was $637.6 million, an increase of $179.7 million or 39.2% from $457.9 million in the same period of the prior year. The company cited higher shipment volume as the reason for the increase.

10-QQuarterly reportFiled May 5, 2025Period of report Mar 31, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

Monolithic Power Systems said revenue for the quarter ended March 31, 2025 was $637.6 million, an increase of $179.7 million or 39.2% from $457.9 million in the same period of the prior year. The company cited higher shipment volume as the reason for the increase.
The company said revenue from the storage and computing market increased $82.4 million or 77.6% from the same period in the prior year, while revenue from the enterprise data market decreased $16.8 million or 11.2%. It cited lower sales of power management solutions for AI applications as the reason for the decrease.
Monolithic Power Systems said gross margin for the quarter was 55.4%, compared with 55.1% in the same period of the prior year. Income tax expense was $40.1 million, or 23.1% of pre-tax income, compared with $12.5 million or 11.9% in the same period of the prior year.
As of March 31, 2025, the company held cash and cash equivalents of $637.4 million and short-term investments of $389.3 million. It said the combined total of $1,026.7 million, along with cash generated by ongoing operations, will be sufficient to satisfy its liquidity requirements for the next 12 months and beyond. During the quarter, the company repatriated $275 million from certain of its foreign subsidiaries to the U.S.

Key figures

Quarter ended March 31, 2025

Revenue: $638M
Operating income: $169M
Net income: $134M
EPS: $2.79
Gross profit: $353M
Operating cash flow: $256M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q1 2025 Revenue $637.6 million

Monolithic Power Systems said revenue for the quarter ended March 31, 2025 was $637.6 million, an increase of $179.7 million or 39.2% from $457.9 million in the same period of the prior year. The company cited higher shipment volume as the reason for the increase.

Source · Based on the MD&A text of the filing

Storage and Computing and Enterprise Data Revenue

The company said revenue from the storage and computing market increased $82.4 million or 77.6% from the same period in the prior year, while revenue from the enterprise data market decreased $16.8 million or 11.2%. It cited lower sales of power management solutions for AI applications as the reason for the decrease.

Source · Based on the MD&A text of the filing

Gross Margin 55.4%, Effective Tax Rate 23.1%

Monolithic Power Systems said gross margin for the quarter was 55.4%, compared with 55.1% in the same period of the prior year. Income tax expense was $40.1 million, or 23.1% of pre-tax income, compared with $12.5 million or 11.9% in the same period of the prior year.

Source · Based on the MD&A text of the filing

Cash and Short-Term Investments $1,026.7 million

As of March 31, 2025, the company held cash and cash equivalents of $637.4 million and short-term investments of $389.3 million. It said the combined total of $1,026.7 million, along with cash generated by ongoing operations, will be sufficient to satisfy its liquidity requirements for the next 12 months and beyond. During the quarter, the company repatriated $275 million from certain of its foreign subsidiaries to the U.S.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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